Quote:
Originally Posted by DGthe3
When is there ever a guarantee that any particular stock will be worth more in 10 years than it is now? Buying stock is always a gamble, the odds are better than at the roulette wheel, but its never a sure thing. If you want a safe investment, there are plenty of other options.
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Of course there isn't a guarantee. And it is a gamble, but look at GM stock's past performance over the last 10 years and tell me what YOU feel the odds are it will increase in value.
Also buying on an IPO, imo, is like betting on the game before the point spread is set by the oddsmakers. If I was gonna buy some GM stock
at this time, and I'll be honest and openly admit I'm not, I'd at least wait til after the IPO and see where the market (ie the investors) dictates what the price should be.